Letters
How about a postal banking system?
RE “HE’S GOT MAIL” (March), the elimination of home delivery and the transformation of Canada Post into a glorified courier service may save Canada Post as a profit centre and justify high management bonuses, but how does this serve Canadians? CEO Deepak Chopra should emulate the UK, France, Italy, Switzerland and New Zealand, all of which have successful postal banks that receive a substantial percentage of their sales and profits from financial services while other revenue sources declined. Not only are many Canadians unhappy with the fees and charges of
commercial banks, but postal outlets already have a presence in rural communities and inner-city neighbour- hoods where banking services are not reasonably available. How about some true entrepreneurial
spirit that innovates and expands instead of downsizes and destroys? Larry Kazdan VANCOUVER
“HE’S GOT MAIL” provokes criticisms of the future for home deliveries. The most egregious concept of the new system is that two residents on the same street would create a bizarre difference: the apartment dweller would have mail delivered whereas the homeowner
would have to travel to the post box. It would be better, particularly in big cities, to leave postal service as is and reduce deliveries to twice weekly and let attrition take care of staff reductions. This would save millions of dollars. John Watson TORONTO
The lowdown on rates WHEN I OPENED THE MARCH issue and saw “Our Interest in Rising Rates,” I was looking forward to an in-depth analysis of interest rates. The article was OK, but it didn’t dive deeper into the theory of rates (why they move up and down) and why there is a difference between variable and fixed rates in the
4 | CPA MAGAZINE | MAY 2015 Untitled-2 1
3/16/2015 1:54:02 PM
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72